Quantcast
Latest Stories

Mangrove donors to get tax break


Agham party-list Representative Angelo Palmones. congress.gov.ph

In a bid to encourage more people to donate money to save the mangroves, the House ways and means committee has approved a provision in a pending bill that would exempt mangrove protection program donors from donor taxes, and allows them to increase deductions to their taxable income.

The committee supported the proposed law seeking to put up a National Mangrove Conservation and Rehabilitation Program  by approving one of its sections that proposed the tax breaks.

Under the bill, all grants, donations, contributions and bequests to the Department of Environment and Natural Resources for the mangrove adoption program would be exempted from paying the donor’s tax.

These grants would also be an allowable deduction from donor’s income tax.

The Mangrove Conservation and Rehabilitation Program bill was authored by Agham party-list Rep. Angelo Palmones. The House committee on natural resources earlier approved the measure, but the bill had to go through the ways and means committee because it had a tax provision.

The bill seeks to improve efforts to protect mangroves in light of the many benefits that they provide.

For instance, mangroves protect coastal areas and communities from storms, waves and tidal currents. They also serve as nurseries for marine life and support fisheries production, as well as absorb organic pollutants near the shore. Leila B. Salaverria


Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Congress , DENR , environment , Government , Legislation , Mangroves , National Mangrove Conservation and Rehabilitation Program , Tax




Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
Advertisement

News

  • Drilon calls for sobriety as mudslinging, witch hunts loom due to pork scam
  • S. Korea ferry toll hits 150 as search gets tougher
  • If Napoles names Aquino allies, they’ll be brought to bar of justice – Palace
  • Lacson says diamond-studded earring snatched from wife fake
  • Pope John XXIII launched Vatican II and then some
  • Sports

  • Wizards beat Bulls in OT to take 2-0 series lead
  • Pacers rally past Hawks 101-85 to even series
  • David Moyes out as Manchester United manager
  • Nadal to face fellow Spaniard at Barcelona Open
  • Defensive Chelsea holds Atletico in scoreless draw
  • Lifestyle

  • Haneda International Airport: A destination on its own
  • Wanted: Beauty queen with a heart that beats for the environment
  • Kim Atienza: At home with art and design
  • Life lessons I want to teach my son
  • Sweet party for Andi Manzano
  • Entertainment

  • Ex-Fox exec denies allegations in sex abuse suit
  • Kris Aquino backtracks, says Herbert Bautista and her are ‘best friends’
  • Summer preview: Chris Pratt enters a new ‘Galaxy’
  • Bon Jovi helps open low-income housing in US
  • Summer movie preview: Bay reboots ‘Transformers’
  • Business

  • McDonald’s 1Q profit slips as US sales decline
  • SEC approves SM’s P15B retail bond offer
  • $103M Vista Land bonds tendered for redemption
  • Oil slips to $102 as US crude supplies seen rising
  • SC stops Meralco power rate hike anew
  • Technology

  • Engineers create a world of difference
  • Bam Aquino becomes Master Splinter’s son after Wiki hack
  • Mark Caguioa lambasts Ginebra teammates on Twitter
  • Brazil passes trailblazing Internet privacy law
  • New York police Twitter campaign backfires badly
  • Opinion

  • One-dimensional diplomacy: A cost-benefit analysis of Manila’s security deal with Washington
  • No ordinary illness
  • Reforest mountains with fire trees and their kind
  • Day of the Earth
  • When will Chinese firm deliver new coaches?
  • Global Nation

  • No word yet on inking of US-PH defense pact during Obama visit
  • Filipina, 51, shot dead by 24-year-old American boyfriend
  • China, rivals sign pact to ease maritime tensions
  • Visa-free US trip? Do not believe it, says consulate
  • Obama visit to Asia seen as counterweight to China
  • Marketplace
    Advertisement